CrowdWisers™--- the subscriber area has no ads and those above are not selected or endorsed by this site ---
Ebix 1Q19 results +3
09:03 09-May-19
Ebix has reported its first quarter results:
- $1.04 of EPS beats by 11 cents
- on $142.9M of revenue, which beats by $5.9M
As with other businesses I cover, the strong $ decreased revenue
$5.1M on a constant currency basis. I've been very candid about
all the things that I don't love about Ebix and India, but at the
end of the day the growth is there and that's what matters most.
EbixCash business more than doubled YoY. I think it's also
important to recognize that this is not an Indian company with
local financing, but a global one that is simply focusing on
Indian growth. I am also happy to see that the company has been
judicious about it share repurchases, with 250K bought at an
average price of $44. The conference call is at 11am, and I will
review it, but there may not be any more to say until the
elections in India are complete.